How To: Create a Sales Nominal Account for a Customer
Creating a dedicated sales nominal and assigning it to a customer allows sales revenue for that customer to be posted to a separate nominal account.
This can be useful when you need to report on sales for a specific customer independently from your main sales figures.
The process consists of two stages:
- Creating the sales nominal.
- Assigning the sales nominal to the customer.
For more information about the sales nominal structure, see Sales Nominal Hierarchy.
Before You Begin
Important Notes
- Nominal codes must be unique.
- Khaos Control will display a warning if you attempt to save a nominal account using a code that already exists.
- You can choose to amend the code before saving.
- Systems upgraded from older versions may contain duplicate nominal codes. If an existing duplicate nominal is edited and saved, the system will prevent the save until a unique code is entered.
Step 1: Create the Sales Nominal
- Open an Accounts screen using (show me how).
- Open the [ Accounts | Nominal Accounts | Nominal Accounts ] tab.
- Press Alt + E or click the Edit button to enter edit mode.
- Press F3 or click the Add button to create a new nominal account.
- Enter the following details:
| Field | Value |
|---|---|
| Code | Enter the required nominal code. |
| Description | Enter a meaningful description, for example: Sales - Fred Bloggs. |
| System Type | Sale |
| Account Type | Company |
- Press Ctrl + S or click the Save button.
Step 2: Assign the Sales Nominal to the Customer
- Open a Customer screen using (show me how).
- Load the required customer record.
- Open the [ Detail | Financial ] tab.
- Press Alt + E or click the Edit button to enter edit mode.
- In the SNominal drop-down field, select the sales nominal account created in the previous section.
- Press Ctrl + S or click the Save button.
What Happens Next?
Once the sales nominal has been assigned:
- Sales for that customer will be posted to the selected sales nominal account.
- These sales will not be posted to the main sales nominal.
- Financial reporting can be produced specifically for that customer using the dedicated nominal account.
Tips
- Use clear descriptions to make customer-specific nominal accounts easy to identify.
- Consider following a consistent naming convention for customer-specific sales nominals.
- Periodically review assigned sales nominals to ensure they continue to meet your reporting requirements.